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Syndicate Bank turns black in Q3

04 Feb 2019 Evaluate

Syndicate Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported net profit of Rs 107.99 crore for the quarter under review against net loss of Rs 869.77 crore for the same quarter in the previous year. Total income of the Bank increased by 2.23% at Rs 6077.62 crore for Q3FY19 as compared Rs 5945.15 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 12.54%, as compared to 9.62% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.75% in Q3FY19.

Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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